Rio Novo Gold Inc. RIVVF

forgotten jewels

[mullatschak]

seems, that this stock is not anymore at the Radar of anyone. But who cares. The "one day" will come:)

[elgin1]

Not forgotten.... seems like Pershing is always buying .... gold at a decent price . Not sure what magementbis doing ?  One day will come? Lol.... it will . I think all juniors have bottomed. No interest in precious metals right now.  When gold gets above $1400 you might have some interest ... but until then it is a wait and see proposition .  

[thisldu3]

What management is doing? Just read the financials, they are doing nothing. 

[elgin1]

Dud you guys read news release for shareholder meeting? Said they are negotiating financing for Almas ?  But they have no team ? Said negotiations are encouraging?  "The company also notes that it is in discussions for project financing for its Almas gold project in Tocantins state, Brazil. The company understands that the results to date of the project review on behalf of a

[mullatschak]

Who knows what a potential lead arranger is? The company understands that the results to date of the project review on behalf of a potential lead arranger have been encouraging.

[elgin1]

Yes odd nr but then why even release it? There is no management team experienced emough to build a mine anyways even if they do get financing. Maybe a joint venture arrangement ?  They shoul only release something after it happens.

[mullatschak]

indeed strange. In my opinion this "lead arranger" or agent Needs to talk to 3 parties, RN Management, Operator and Financing Party. Maybe they release it due to the fact that they have considerable discussions? But in that case it would be easy, to singn a non binding LOI. Then you have at least something. This is the way we do business.

[elgin1]

Well they did announce annual meeting. It raises more questions by giving out that nr. Dfs is profitable at 1200 and gold being at 1340 lot easier to finance or get soepmething done. Btiros owns 70% of the company .... so my guess is he is part of the discussions behind the scene. It is no coincidence they announce something so close to annual meeting.  But I guess we will find out shortly .&

[mullatschak]

You could be rigth. I'm not sure about current Gold price. Is it climbing on political reasons (North Corea) or is it time for Gold? We'll see. But sure is no time to sell RN...